Idk, my brother used a ton of excel as an actuary. He used other things too, but excel was absolutely part of it, and he made it to VP level in the insurance industry.
There’s a still a lot of excel out there being used, but you can’t really do a lot of “real” jobs in excel with is 2^20 maximum rows. I don’t have a lot of experience myself (I got my degree on 2022), when I interned we used a lot of excel and SAS and I hated it. After that I landed a job where I had the opportunity to write everything from zero in python, and excel is only used to send the results to other teams or clients. In the company I work now, I’m not part of the actuarial team, but in accounting and from the interview it was clear that I was being hired to re write everything from SAS to Python. Sometimes I pass by the actuarial team and I can see them doing chainladder triangles on excel and is kinda sad, because there’s a fantastic Python library for that. I’m planning to stay here until everything on the accounting department run on python and then looking for a senior position on the actuarial team to do the same there.
Idk, my brother used a ton of excel as an actuary. He used other things too, but excel was absolutely part of it, and he made it to VP level in the insurance industry.
There’s a still a lot of excel out there being used, but you can’t really do a lot of “real” jobs in excel with is 2^20 maximum rows. I don’t have a lot of experience myself (I got my degree on 2022), when I interned we used a lot of excel and SAS and I hated it. After that I landed a job where I had the opportunity to write everything from zero in python, and excel is only used to send the results to other teams or clients. In the company I work now, I’m not part of the actuarial team, but in accounting and from the interview it was clear that I was being hired to re write everything from SAS to Python. Sometimes I pass by the actuarial team and I can see them doing chainladder triangles on excel and is kinda sad, because there’s a fantastic Python library for that. I’m planning to stay here until everything on the accounting department run on python and then looking for a senior position on the actuarial team to do the same there.